The productivity, economic structure and middle-income trap -- can China avoid this trap?
Item and associated files
Author
Chen, Yueyun (Bill) See all items with this value
Yu, Liping See all items with this value
Pu, Chengyi See all items with this value
Lin, Lianlian See all items with this value
Date
2017
Volume
19
Issue No.
11/12
Pages
79-104
ISSN
1499-691X See all items with this value
Abstract
This paper establishes an economic model to directly study the effects of the labor ratio, economic structure and productivity of a country on its economic growth. The model analysis also indicates the relevancy and importance of the stable exchange and inflation rates to the economic success of a nation. Using data from selected countries over the particular years, this paper explores and explains why some economies have successfully passed through the middle-income trap, while others fell in. The paper then compares China 's relevant data with that of others, and discusses challenges and problems China faces and how it can avoid this middle-income trap.